Limco-Piedmont Expects Stock Offering to Raise $37 Million

Limco-Piedmont Inc., a Tulsa-based provider of maintenance, repair and overhaul services, or MRO, and parts supply services to the aerospace industry, announced today the pricing of a public offering of 4.4 million shares of its common stock at a price to the public of $11.00 per share.

Of such shares, 3.75 million shares are being sold by Limco-Piedmont and 635,000 are being sold by its parent company, TAT Technologies Ltd. The underwriters have been granted an option for a period of 30 days to purchase up to an additional 440,000 shares from Limco- Piedmont and 220,000 shares from TAT Technologies Ltd. to cover over- allotments, if any.

Net proceeds to Limco-Piedmont from the offering are expected to be approximately $37.2 million.

Was this article helpful?

Related Articles

Leave A Comment?